COMMERCIAL LICENSE BOND LIMITS AND PRICES
Bond limits are based on Gross Volume of work you expect to do during your next (fiscal) year. Follow the guidelines below to determine your license bonding requirements.
All A Classifications INCLUDING B-1 & B-2
Work (Sales) Volume Bond Requirement 2 Year Premium
$150,000 or Less $5,000
$107
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More than $150,000 less than $750,000
$10,000
$166
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More than $750,000
$15,000
$250
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All L Classifications
Work (Sales) Volume Bond Requirement 2 Year Premium
$150,000 or Less
$2,500
$95
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More than $150,000 less than $500,000
$5,000
$107
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More than $500,000 less than $1,000,000
$10,000
$166
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